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CNN —John Mayall, a pioneering Blues musician who was recently announced as a 2024 inductee into the Rock & Roll Hall of Fame, has died. “It is with heavy hearts that we bear the news that John Mayall passed away peacefully in his California home yesterday, July 22, 2024, surrounded by loving family. John Mayall gave us ninety years of tireless efforts to educate, inspire and entertain,” the message said. Called “the godfather of British blues” by the Rock & Roll Hall of Fame, the singer-songwriter, multi-instrumentalist and bandleader was a pioneer of Blues music in England during the 1960s. Mayall was inducted into the Blues Hall of Fame in 2016.
Persons: CNN — John Mayall, Mayall’s, John Mayall, John, Queen Elizabeth II, Mayall, , , Eric Clapton, Joe Walsh, Steve Van Zandt, Alex Lifeson, Peter Green, Mick Taylor, Jack Bruce, John McVie, Mick Fleetwood, Aynsley Dunbar – Mayall Organizations: CNN, Roll Hall of Fame, Blues, Blues Hall of Fame, Hall of Fame, of Fame, Facebook Locations: California, England, British, Cheshire, Los Angeles, United States, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey housing focus for UK's Labour Party will be on supply side, Investec analyst saysAynsley Lammin, equity analyst at Investec, says the U.K. Labour Party's plan to restore mandatory housebuilding targets is a "quick win" for the sector that should boost planning and supply.
Persons: Aynsley Organizations: UK's Labour Party, Labour
If they have a 5% deposit, then deposit boost works well where we give an additional 5% so that they can secure a 90% loan-to-value mortgage," said a sales director with Persimmon. Some homebuyers are opting for exchange options, where the builder purchases the buyer's existing property and the payment helps fund the new-home purchase. "Mortgage holidays", offered by Persimmon and other builders, are also popular among homebuyers with builders contributing towards home-loan payment during a specific period. Reuters GraphicsKNOCK ON MARGINSThe incentives, while aimed at boosting demand, come at a cost for homebuilders struggling to keep costs low. Persimmon said last month sales incentives and marketing costs shaved off 2.1% from its half-year gross margins.
Persons: Toby Melville, Barratt, Persimmon, Aynsley Lammin, Peel Hunt, Sam Cullen, Cullen, Taylor, Aby Jose Koilparambil, Sweta Singh, Saumyadeb Organizations: REUTERS, British, Reuters Graphics, Bank of England, Reuters, Peel, Thomson Locations: Bristol, Britain, British, Bengaluru
Midcap firms Bellway (BWY.L) and Crest Nicholson (CRST.L) have also pointed to high mortgage rates hampering demand from first-time buyers. Even a potential revival of the government's 'Help to Buy' scheme, which offered incentives to first-time buyers, will not be enough to improve affordability, analysts have said. Persimmon (PSN.L), one of Britain's biggest homebuilders heavily exposed to first-time buyers compared to its FTSE 100 peers, has offered new customers a "10 months mortgage free" deal. Still, the housing sector faces an uncertain path to recovery, given the ultra-elevated mortgage rate levels. Meanwhile, investors will look out for updates on demand when a couple of high-profile homebuilders report half-year results next month.
Persons: Barratt, BDEV.L, Nicholson, Steve Turner, Bellway, Peel Hunt, Sam Cullen, housebuilders, Cullen, Persimmon, Rob Perrins, Jeremy Hunt, Aynsley Lammin, Aby Jose Koilparambil, Sweta Singh, Saumyadeb Organizations: Berkeley, Reuters, Home Builders Federation, Bank of, Times, Housing, Thomson Locations: Berkeley, England, Wales, Bank of England, Bengaluru
Doyle's late strike fires Sheffield United into FA Cup semis
  + stars: | 2023-03-19 | by ( ) www.reuters.com   time to read: +1 min
SHEFFIELD, England, March 19 (Reuters) - Sheffield United came from behind twice to edge Blackburn Rovers 3-2 in an entertaining FA Cup quarter-final after Tommy Doyle's superb 91st minute strike on Sunday booked a Wembley trip. With the score at 2-2 in added time, Doyle fired a shot from 25 metres that arrowed into the top corner with keeper Aynsley Pears unable to palm it away despite getting a hand to it. Blackburn's Sam Gallagher then scored an own goal seven minutes later after Max Lowe's shot from range took a deflection off the striker's knee to nestle in the corner of the net. Gallagher made amends on the hour when he sprang the offside trap to put Sammie Szmodics through as the midfielder restored Blackburn's lead by firing low past keeper Wes Foderingham. Reporting by Rohith Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Feb 28 (Reuters) - British housebuilders Persimmon (PSN.L) and Taylor Wimpey (TW.L) publish full-year earnings this week with analysts seeking to establish whether a protracted sector downturn is on the cards. Analysts, therefore, will be focusing on sales updates within Persimmon and Taylor Wimpey's annual results statements on Wednesday and Thursday respectively. The two companies are expected to report a slight improvement to full-year earnings, but trading statements last month said their order books were down year on year. The focus in this week's earnings statements will be sales trends and pricing, said Aynsley Lammin, equity research analyst at Investec Bank. Barratt (BDEV.L), meanwhile, has cut its mid-year dividend by 9% as housebuilders increasingly look to preserve cash.
The big, listed UK housebuilders have paid dividends worth 2.2 billion pounds ($2.6 billion) for their respective last financial years. Potential cuts in dividends would weigh down on shares of housebuilders, after the sector index (.FTNMX402020) slumped more than 44% in 2022. Among the FTSE 100 builders, analysts are now forecasting dividend cuts from many firms, particularly those whose payouts are linked to earnings growth. High-end housebuilder Berkeley (BKGH.L) stuck to its cash-return plans, but cut its earnings estimates for the 2024 and 2025 fiscal years. Barratt, Persimmon and Berkeley have said they would be more cautious with land purchases, in a bid to reduce outgoings as falling property prices squeeze margins.
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